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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
LIZ CLAMAN, CNBC ANCHOR: First steel companies, then airlines, now auto sector giants are at odds with their unions. General Motors this week managed to ring healthcare concessions from its workers, while Delphi will take its fight into bankruptcy court. Has collective labor lost its bargaining power? Are unions losing the battle, put it more simply? Richard Bank is director for the Center for Industry Strategies with the AFL-CIO. He joins us now from Washington. And we are wait, we are hoping that we`ll get Charles Craver, labor law professor at George Washington University Law School in Tucson, Arizona. We`re having a bit of a technical difficulty, but we`re working on it.
All right. Good to you have, sir. Let`s begin first, Mr. Bank, with the question, do you feel, and I think I know the answer to this, that what we saw this week with the past with General Motors, that this the beginning of the end for unions?
RICHARD BANK, DIRECTOR, CENTER FOR INDUSTRY STRATEGIES: No, I don`t. All workers, union and non-union, are under stress and duress, but the fact is that union workers are doing far better than non-union workers in terms of preserving their wages and their benefits. In...
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